Why These 2 Blue Chip Stocks Went Opposite Ways Tuesday
After a brief pause on Monday, the stock market resumed its downward trend on Tuesday. By midday, the old patterns of volatility had reasserted themselves, with small caps and the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) taking the biggest hits. As of 1:15 p.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 340 points to 34,025. The S&P 500 (SNPINDEX: ^GSPC) fell 80 points to 4,330, and the Nasdaq was off 368 points to 13,488.
Blue chip stocks joined the parade of companies releasing their latest earnings results, and a couple of the most well known saw their stocks make very different moves. American Express (NYSE: AXP) made its shareholders happy with its latest news, but General Electric (NYSE: GE) gave up ground and reminded investors that the industrial conglomerate still has a long way to go before it can fully restructure itself.
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Source Fool.com
